United States Lime & Minerals (NASDAQ:USLM) Hits New 12-Month High - Time to Buy?

Key Points

• United States Lime & Minerals hit a new 52-week high, trading as high as $141.44 (last $137.49) and was up roughly 4.5% on the session.
• Weiss Ratings upgraded the stock from "hold (c+)" to "buy (b-)", and MarketBeat shows the company's average analyst rating is "Buy."
• The company missed quarterly estimates (EPS $1.06 vs. $1.13 expected; revenue $87.94M vs. $97M) but reported strong profitability (36.03% net margin, 23.07% ROE) and pays a $0.06 quarterly dividend (≈0.2% yield).

United States Lime & Minerals, Inc. (NASDAQ:USLM - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $141.44 and last traded at $137.49, with a volume of 51710 shares changing hands. The stock had previously closed at $131.45.

Analyst Ratings Changes

Separately, Weiss Ratings raised United States Lime & Minerals from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, March 9th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy".

United States Lime & Minerals Trading Up 4.5%

The firm has a market cap of $3.94 billion, a P/E ratio of 29.45 and a beta of 0.92. The firm has a 50-day simple moving average of $118.61 and a 200-day simple moving average of $122.86.

United States Lime & Minerals (NASDAQ:USLM - Get Free Report) last issued its quarterly earnings data on Monday, February 2nd. The construction company reported $1.06 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.07). United States Lime & Minerals had a net margin of 36.03% and a return on equity of 23.07%. The business had revenue of $87.94 million for the quarter, compared to analysts' expectations of $97.00 million.

United States Lime & Minerals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 20th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, February 20th. United States Lime & Minerals's dividend payout ratio is currently 5.14%.

Institutional Trading of United States Lime & Minerals

Hedge funds and other institutional investors have recently made changes to their positions in the business. Exchange Traded Concepts LLC purchased a new stake in shares of United States Lime & Minerals during the 3rd quarter valued at $26,000. Global Retirement Partners LLC purchased a new stake in shares of United States Lime & Minerals during the 4th quarter valued at $29,000. Quarry LP purchased a new stake in shares of United States Lime & Minerals during the 3rd quarter valued at $33,000. Blue Trust Inc. purchased a new stake in shares of United States Lime & Minerals during the 3rd quarter valued at $35,000. Finally, Empowered Funds LLC purchased a new stake in shares of United States Lime & Minerals during the 4th quarter valued at $42,000. Hedge funds and other institutional investors own 27.12% of the company's stock.

United States Lime & Minerals Company Profile

United States Lime & Minerals, Inc NASDAQ: USLM is a producer and supplier of lime and limestone products in the United States. The company operates quarries and processing facilities across the country, specializing in the extraction and production of quicklime, hydrated lime, limestone aggregates and dolomite for use in steel manufacturing, construction, environmental remediation, agriculture and other industrial applications.

With a network of quarries concentrated in Florida and additional mining and distribution sites in other states, United States Lime & Minerals combines kiln operations and grinding plants to offer a comprehensive range of calcium‐ and magnesium‐based products.

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